BANKING

The Nigeria Deposit Insurance Commission (NDIC) has begun the process of payment of depositors in 179 microfinance banks and four primary mortgage banks across the country. This was contained in a statement on the commission’s website where it listed all micro-finance banks and mortgage banks involved. The commission called on...

The management of Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its commitment to enhance customer experience, whilst expressing optimism for greater achievements for its customers and shareholders. UBA’s Group Managing Director/Chief Executive Officer, Mr. Oliver Alawuba, who made this pledge in Lagos on Tuesday, while marking...

Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating. According to a note on the...

  The Federal Government has asked point-of-sale operators to desist from attempts to increase transaction fees, warning of serious consequences and sanctions. The Lagos chapter of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) had announced a new price list for PoS transactions in the state. Stephen...

Socio-Economic Rights and Accountability Project (SERAP) has urged acting Governor of Central Bank of Nigeria (CBN), Folashodun Shonubi, to immediately delete the “patently unlawful provisions in the CBN Customer Due Diligence regulations directing banks to obtain information on customers’ social media handles for purposes of identification.” The group also pleaded...

  takes trade expo to Houston, Texas, USA in October Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, leading financial institution, Fidelity Bank Plc, has announced plans to host the second edition of the trade...

  Polaris Bank has clarified that she did not violate any law in a recent disengagement of some staff which it said was done in line with the terms of the contract guiding their engagements The Bank was reacting to a report of the picketing of its headquarters by NUBIFIE...

In a move towards fostering gender equality, inclusiveness and economic empowerment, Polaris Bank has announced the disbursement of business support loans to female-owned businesses in the first quarter of 2023. This is part of the Bank’s commitment to supporting women and female-owned businesses through the provision of soft loans. According...

Access Bank’s parent company, Access Holdings, has officially opened a new subsidiary in France. The new branch located in Paris, the French capital, is part of the bank’s ongoing global expansion plans According to a statement released by Access Bank, the branch’s operations would focus on trade finance, initially capitalizing...

offers Free VISA signature card Polaris Select Plus Account is offering its current and prospective customers a range of exclusive lifestyle and banking benefits, especially for those who value comfort and luxury. One of the product's key benefits is the free VISA Signature Card, which provides premium travel and lifestyle...